Fund Accounting Services

In conjunction with Transfer Agency, Fund Accounting is one of European Fund Administration's core competencies.

EFA uses the know-how in producing NAVs and experience gained via the administration of over 2,000 funds to provide you with accurate and timely accounting.

Transaction processing

To detect and avoid any discrepancies in trade data, EFA offers matching of all transactions from investment managers, custodian banks, prime brokers, broker/dealer etc. with data from the appropriate counterparty, ensuring all trade information is 100% accurate.

Sources include Six Financial Information®, Thomson Reuters® and Bloomberg®. The pricing source can be customised per type of instrument and per sub-fund. Plausibility controls are performed daily to ensure accuracy.

Accounting methods

Tax

EFA supports the calculation and communication of the investment funds' specified NAV-daily and annual tax figures, as required for the funds' investors resident in jurisdiction such as e.g. Germany, Austria, Belgium, Italy and United-Kingdom.

Our longstanding collaboration with the funds' designated tax auditors ensures timely certification and publication of the annual tax figures according to the regulations of the different tax regimes.

Corporate Actions

Within our Securities Database Department a dedicated team collects verifying corporate action information and transmits it to the Accounting Department.

The treatment of corporate events is applied on a centralised basis for all funds administered by EFA.

Corporate actions are processed at ex-date (where applicable) to ensure they are perfomance neutral.

Tax implications

A dedicated tax module within EFA enables the automatic management of withholding tax on a provisional basis. The module takes into account the impact of tax treaties, of the type of instrument and its country of issue.